In something which may be traced to the expected influx of electric cars, the industry that is quiet but is expected to boom is the car battery business. With fueled cars being seen to become a thing of the past, hybrid and plug-in vehicles are expected to be the next generation modes of transportation which naturally rely heavily on car batteries. And from the countries touted to take advantage of this development, Germany is being wooed as the country heading the car battery industry.
Germany is positioned to be a global leader in this market segment. Business opportunities in Germany resulting from this trend will be presented at the Advanced Automotive Battery & EC Capacitor Conference in Long Beach, California from June 8-12.
Within the framework of the German economic stimulus program, over USD 700 million have been allocated for research funding in the area of electric mobility. Interest-reduced loans and grants can be received for developing new battery technology, as well as other hybrid drives and fuel cell technologies.
(Source) Press
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